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SAP reports significant revenue and cloud backlog growth, but shares dip amid trade uncertainties.
SAP, Europe's most valuable firm, reported a 9% rise in revenue and a 22% increase in cloud backlog, despite concerns over US trade slowdowns due to tariff tensions.
The company's CFO, Dominik Asam, sees the recent US-Japan trade deal as providing some hope but notes that macro uncertainty and a strong euro against the US dollar are impacting earnings.
SAP's shares opened lower following the results.
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SAP informa de ingresos significativos y crecimiento de la nube, pero las acciones caen en medio de las incertidumbres comerciales.